• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home Business & Finance Business

‘Authentic and authorized’ Nigeria’s maize production at highest level since independence

Rtn. Victor Ojelabi by Rtn. Victor Ojelabi
March 12, 2022
in Business
0 0
0
maize
perfect aesthetic dental clinic perfect aesthetic dental clinic perfect aesthetic dental clinic

Maize production in Nigeria rose to the highest level since the nation’s independence in 1960, a significant improvement for a country that has struggled for decades with below-par domestic production of food.

The production of maize increased by 16 per cent in 2021 over the previous year, according to the United State Department of Agriculture.

The rise came a year after the Central Bank of Nigeria halted government-supplied foreign exchange for the importation of maize, in a bid to cut imports and boost domestic production. The government did not stop importers from sourcing dollars from the black market.

The figure is also coming at a time of growing concerns of global food scarcity as a result of Russia’s invasion of Ukraine.

On Tuesday, the chairman of the Dangote Group, Aliko Dangote, said Nigerians should be prepared for an impending food crisis within the next two to three months and urged the government to immediately stop the ongoing export of maize. The government has previously lifted its ban on maize exports.

Dangote, who said the effects of the Ukraine crisis are already being felt in the food processing chain, said prices of fertiliser, wheat, maize, among other products, will go up.

“There will be a shortage of wheat, maize and a lot of products because as we speak, Russia and Ukraine do almost 30 per cent of the world’s urea and 26 per cent of the world’s potash; and even phosphate also, they are one of the largest (producers) in the world,” he said.

“There would be a scarcity of food generally, we would not be able to access fertilizers going forward, we would not see the effects now, but in the next two, three months. Even the US will not be able to do the same number of tonnage they did last year because of this.

“Right now, you start seeing people exporting maize to earn foreign exchange, which I think we need to stop, so that we don’t create shortage; and we need to make sure we grow more so we don’t have a shortage. It is about food security, and it is very, very serious.”

Data published by the USDA shows that Nigeria produced 11.6 million metric tons of maize in 2021, the highest quantity made in the last six decades. The figure when compared to the 10 million metric tonnes recorded in 2020 shows a 16 per cent increase.

The United Nations’ Food and Agriculture Organization is yet to release its official figures on Nigeria’s production in 2020 and 2021.

Maize, one of the most popular food crops in Nigeria, is widely consumed by millions of Nigerians and is also used for the production of animal feeds.

However, local production has for years lagged consumption, a situation that has fueled importation with implications for Nigeria’s currency and job creation.

In 2019, Nigeria was Africa’s second largest maize producer after South Africa and the 14th largest producer globally. Yet, its local maize demand continues to surpass supply thus creating an annual demand gap of about 4 million metric tonnes annually. According to USDA, maize import into Nigeria doubled from 500,000 metric tonnes to 1 million metric tonnes between October 2019 and October 2020.

In 2020, due to the increased quantity of maize imported to the country, the CBN banned the issuance of forex for the importation of the cereal. The bank has also financed efforts to boost maize farming.

However, although local maize production is still far off demand, the decision appears to be yielding fruit as importation of maize in the country declined to 200,000 metric tons in 2021 compared to 300,000 metric tons recorded in 2020.

The national chairman, Maize Growers, Processors and Marketers Association of Nigeria (MAGPAMAN), Uche Edwin, said he expected a rise in the output in 2021 after the difficulties of 2020 due to the coronavirus.

“We are not surprised by the 16% increase in output in 2021, we expected more,” Mr Edwin said.

“We are all aware that in 2020, we experienced a lot of challenges that affect agriculture. For instance, issues of Covid-19 whereby movement of hydro chemicals and other materials necessary for agriculture were disturbed, insecurity, climate change, and among others,”.

He said in 2021, the CBN invested more in its anchor borrowers programme and that also ensured money got to small holder farmers to grow maize which in turn improved their yields and output.

Mr Edwin said the CBN’s decision to place a ban on the importation of maize also played a major role in the 2021 higher productivity.

“The CBN’s policy to ban importation of maize also helps local production. That alone boosts the morale of farmers, knowing that the government really depends on them for adequate maize production in the country,” Mr Edwin said.

otunba victor profile picture scaled
Rtn. Victor Ojelabi

Ojelabi, the publisher of Freelanews, is an award winning and professionally trained mass communicator, who writes ruthlessly about pop culture, religion, politics and entertainment.

Related Posts

Cooking Oil.png.gallery scaled
Business

‘To ensure availability’ Supermarkets limit cooking oil purchases due to shortages caused by Ukraine war

by Freelanews
April 23, 2022
screenshot 2022 07 15 at 08 29 18 uba launches united arab emirates branch with uba dubai difc branch today 1.jpg (jpeg image 405 × 720 pixels) — scaled (98%)
Business

‘Congratulations!’ UBA launches United Arab Emirates, Dubai-DIFC Branch (Photo)

by Freelanews
July 15, 2022
MTN Nigeria copyright infringement fine
Business

Federal High Court slams MTN Nigeria with N840 million fine for copyright infringement

by Quadri Olaitan
March 24, 2025
Naira
Business

‘COVID-19 loans’ Banks to extend discounted interest rates, CBN directs

by Freelanews
March 9, 2021
#image_title
Business

Crepaway enlists Akpororo, KennyBlaq, MC Shakara for Lagos relaunch

by Rtn. Victor Ojelabi
April 21, 2023

Leave a ReplyCancel reply

ADVERTISEMENT

Recent News

FG

FG, Lagos launch ‘Adopt-a-School’ breakfast scheme

July 1, 2026
power

DisCos rake in N801bn amid persistent power outages

July 1, 2026
Zamfara

Zamfara Governor Dauda Lawal reshuffles cabinet, redeploys budget commissioner to education ministry

July 1, 2026
Federal

Federal High Court fixes July 7 for hearing in PDP leadership suit against INEC

July 1, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
FG

FG, Lagos launch ‘Adopt-a-School’ breakfast scheme

July 1, 2026
power

DisCos rake in N801bn amid persistent power outages

July 1, 2026
Zamfara

Zamfara Governor Dauda Lawal reshuffles cabinet, redeploys budget commissioner to education ministry

July 1, 2026
Federal

Federal High Court fixes July 7 for hearing in PDP leadership suit against INEC

July 1, 2026
July 2026
SMTWTFS
 1234
567891011
12131415161718
19202122232425
262728293031 
« Jun    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • Onipokia of Ipokia dies

    Onipokia of Ipokia, Oba Olaniyan, dies at 55 in US

    0 shares
    Share 0 Tweet 0
  • Nigerian shop owner shot dead in South Africa

    0 shares
    Share 0 Tweet 0
  • RC Ikoyi Metro wins D9112 Overall Best Club award

    0 shares
    Share 0 Tweet 0
  • New photos of DG Layi Abidoye mark new Rotary year (Photos)

    0 shares
    Share 0 Tweet 0

Just Published!

FG

FG, Lagos launch ‘Adopt-a-School’ breakfast scheme

July 1, 2026
power

DisCos rake in N801bn amid persistent power outages

July 1, 2026
Zamfara

Zamfara Governor Dauda Lawal reshuffles cabinet, redeploys budget commissioner to education ministry

July 1, 2026
Federal

Federal High Court fixes July 7 for hearing in PDP leadership suit against INEC

July 1, 2026
APC

APC finalises candidate lists as high-profile politicians lose out ahead of 2027 polls

July 1, 2026
No Result
View All Result
  • About Us
  • Contact
  • Advertisement
  • Editorial Charter
  • Corrections Policy
  • Sitemap

© 2025 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2025 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.